Streetbeat News

Equity Actions

STNE

StoneCo's board has authorized a share repurchase program, allowing the company to buy back up to R$ 300 million in outstanding Class A common shares.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:14 pm

PRTG

Portage Biotech Inc has entered into a securities purchase agreement to offer and sell 1.97 million of its ordinary shares in a registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:03 pm

FORA

Forian Inc. has repurchased an aggregate of 1,604,676 shares of its common stock in a privately negotiated transaction at a redemption price of $2.15 per share.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:37 pm

INTC

MBLY

Intel Corp (NASDAQ:INTC) plans to operate its Programmable Solutions Group as a standalone business, aiming to accelerate growth and enhance competitiveness. The operations are expected to commence in 2024 and will be reported as a separate business. Sandra Rivera will become the CEO of the new entity. Intel's CEO, Pat Gelsinger, stated that this move is aimed at unlocking more value for stakeholders and allowing Intel to focus on its core business. Last year, Intel successfully spun off its Mobileye Global Inc (NASDAQ:MBLY) business, which has seen its shares rise by over 13% year-to-date.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 8:33 pm

JCI

Johnson Controls Intl Inc. (NYSE:JCI) has seen a decrease in its stock price by 0.78% in the current session, 10.93% over the past month, and 2.57% over the past year. Despite this, its price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Building Products industry, suggesting that the stock might be undervalued. However, investors are advised to use the P/E ratio with caution as it can also indicate weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:30 pm

PACB

Pacific Biosciences of California Inc has filed for a shelf of up to 8.99 million shares by selling stockholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:26 pm

MMM

PODD

Insulet's Executive Vice President, CFO and Treasurer, Wayde McMillan, has decided to step down effective October 20, 2023. He will join 3M as CFO of its Health Care business, which is planned to be spun off into an independent company. Lauren Budden will assume the additional responsibilities of Interim CFO and Treasurer at Insulet until a permanent successor is appointed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:19 pm

LIFW

LifeWallet has announced a 1-for-25 reverse stock split in an attempt to regain compliance with Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:18 pm

SIGI

Selective Insurance Group's Executive Vice President and CFO, Mark Wilcox, has resigned effective November 3, 2023. He will continue in his current position until after the company reports its third quarter 2023 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:17 pm

HTCR

HeartCore has signed a Go IPO contract with GATES GROUP, expecting to generate an aggregate of $600K in initial fees. Additionally, HeartCore has received a warrant to acquire 3% of GATES GROUP's common stock.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:09 pm